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A Book with Legs

Matthew Bernstein - George Hearst: Silver King of the Gilded Age

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.21.1K Ratings

🗓️ 22 August 2022

⏱️ 76 minutes

🧾️ Download transcript

Summary

Matthew Bernstein joins Cole to discuss his book, George Hearst: Silver King of the Gilded Age. Matthew’s book examines Hearst’s unique path to building a mining empire, his career in politics, a quest for wealth, and the many life lessons that can be learned from it all. Cole says, “This is a book that helps investors understand how money can be made when it’s not being printed in Washington D.C. or New York.”

Transcript

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0:00.0

You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

0:08.2

At Smead Capital Management, we advise investors who fear stock market failure.

0:13.6

You can learn more at Smeadcap.com or by calling your financial advisor.

0:26.1

Welcome to a book with legs podcast. I'm Cole Smead. I'm the president and a portfolio manager here at Smead Capital Management. At our firm, we are readers and book junkies.

0:31.7

It can be said that leaders are readers, and we believe books provide us a great source of

0:35.7

information for filtering what is and isn't

0:38.3

important for us as investors. Investing is the last great liberal art and the best way to spend a

0:43.9

lifetime of learning. This podcast is for readers, thinkers, business-minded people, and investors

0:49.5

who want to grow their knowledge from great authors and their writing. Charlie Munger often talks about using multiple mental models and analysis.

0:57.7

Our aim for this podcast is to help listeners test Munger's theory in business, markets,

1:02.3

and people.

1:03.6

I'm glad you could join us for this episode of the podcast.

1:06.5

We are going to talk about what I consider a true American, a true business person and incredible life that I don't think is well understood by most people.

1:17.4

Matthew Bernstein is joining us to talk about his recent book, George Hurst, Silver King of the Gilded Age.

1:23.5

Matthew's book is going to make us think about what causes people to move and take risks as we expand and also thinking about the living and the development of the Western U.S.

1:32.5

You know, for what we take for granted today as Americans to give you a little background on Matthew.

1:38.8

Matthew is an adjunct professor of English at Los Angeles City College. He also teaches at Matrix for Success Academy

1:45.1

and is a frequent magazine contributor. He received his Bachelor of Arts and his master's degree

1:50.7

from Cal State Northridge in English literature. Matt, thank you for joining us today. First off,

1:58.0

I need to tell you, and I mentioned this right before we started, that I just couldn't have loved this book more.

2:03.6

I felt like you were speaking to my heartstrings, and I feel like I found my George Hurst inside of me.

2:09.3

So I'm really excited to visit with you, and thank you for joining me.

...

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